Despite the fact that China has eradicated mining, all cryptocurrencies have risen in price over the past week.
The main digital currency peaked in the middleApril 2021. At that time, one coin was valued at more than $63,000. Due to the actions of the Chinese government aimed at eradicating mining in the Middle Kingdom, the price of Bitcoin dropped by almost half. At its worst, it broke through $28,000, but averaged $33,000.
Since mid-July, Bitcoin began to rise in price.Over the last ten days of the month, the rate has risen by more than $10,000. Now the digital currency costs $43,800. In just one day, its price has increased by 7.5%, and since July 20 - almost one and a half times (+47%). The last time this happened was on May 18, when the cost was almost $43,830.
Source: CoinMarketCap